Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Increases By 229.9%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,402 shares, an increase of 229.9% from the May 14th total of 425 shares. Based on an average daily trading volume, of 6,551 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

RiverFront Strategic Income Fund Stock Down 0.1%

NYSEARCA:RIGS traded down $0.03 during mid-day trading on Friday, hitting $22.84. 1,546 shares of the company’s stock were exchanged, compared to its average volume of 11,418. The company has a 50 day simple moving average of $22.83 and a 200-day simple moving average of $23.00. RiverFront Strategic Income Fund has a fifty-two week low of $20.62 and a fifty-two week high of $24.32.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC increased its holdings in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,378 shares of the company’s stock after buying an additional 3,550 shares during the period. Janney Montgomery Scott LLC owned about 1.75% of RiverFront Strategic Income Fund worth $1,151,000 at the end of the most recent quarter.

About RiverFront Strategic Income Fund

The RiverFront Strategic Income Fund (RIGS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed global fixed-income portfolio that invests in various types of fixed-income securities without currency limitation. RIGS was launched on Oct 9, 2013 and is managed by RiverFront.